Adobe Removed from Daniel Ives’ AI 30

Adobe Inc. (NASDAQ:ADBE) is among the best stocks to buy now according to AI. Wedbush has removed Adobe Inc. (NASDAQ:ADBE) from its IVES AI 30 list, which is a group of 30 tech companies that Daniel Ives believes will define the future of AI in the years ahead.

Among the biggest fears Adobe Inc. (NASDAQ:ADBE) faces is the rise of generative AI. One wonders: why should I pay a subscription fee to creative professionals when there are cheaper or even free alternatives available for creating and designing? However, there’s certainly more to the company, which is why many analysts recommend buying the stock.

Adobe Inc. (ADBE) Slips 10.45% Amid Doubts Over Firefly’s AI Monetization Potential

A team of engineers and scientists collaborating at a workstation surrounded by their applications and solutions.

The company’s transition from tools to systems is what’s making it attractive. AI monetization, platform lock-in, and expanding margins, along with Firefly Video Model and premium AI tiers, will position Adobe Inc. (NASDAQ:ADBE) well in the market.

Adobe Inc. (NASDAQ:ADBE) is a California-based technology company that operates through three segments: Digital Media, Digital Experience, and Publishing and Advertising. Founded in 1982, the company is committed to empowering everyone, everywhere.

While we acknowledge the potential of ADBE to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than ADBE and that has 100x upside potential, check out our report about this cheapest AI stock.

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Disclosure: None.